Studio Investment Management LLC Decreases Position in Union Pacific Co. (NYSE:UNP)

Studio Investment Management LLC lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,665 shares of the railroad operator’s stock after selling 142 shares during the quarter. Studio Investment Management LLC’s holdings in Union Pacific were worth $2,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Fairhaven Wealth Management LLC raised its holdings in shares of Union Pacific by 1.7% in the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after purchasing an additional 43 shares in the last quarter. Chesapeake Wealth Management raised its stake in Union Pacific by 0.5% in the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after buying an additional 43 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in Union Pacific by 0.5% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator’s stock worth $1,897,000 after buying an additional 44 shares during the last quarter. Montecito Bank & Trust boosted its position in shares of Union Pacific by 0.4% during the 2nd quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator’s stock worth $2,691,000 after acquiring an additional 45 shares in the last quarter. Finally, Traveka Wealth LLC increased its holdings in shares of Union Pacific by 3.4% in the 3rd quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock valued at $335,000 after acquiring an additional 45 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UNP shares. Barclays upped their price target on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. dropped their target price on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Benchmark reissued a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Wells Fargo & Company cut their target price on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Stifel Nicolaus decreased their target price on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Price Performance

Union Pacific stock opened at $239.02 on Friday. The company has a market cap of $144.91 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The business has a fifty day moving average of $240.67 and a two-hundred day moving average of $238.52. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter last year, the business earned $2.51 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.